Big emotions here today! A couple of things:- It sucks to have...

Big emotions here today!

A couple of things:

- It sucks to have had issues causing a month or more delay in the execution of the stimulation program, especially because we were only 6 days in. Did a subcontractor get into trouble (InGauge or who else is involved) or was it Halliburton, it doesn't really matter. It happened, it sucks and it probably will cost us more money than initially planned because of the extra time needed to put stimulation configuration back into place in a couple of weeks.

- But I rather have them packing down now than rushing everything in the next two weeks, making mistakes and compromising the program. The fact that they moved on to another client whilst we had them booked in, means that that client will now be able to start sooner and finish sooner, meaning they can come back once they are done there, with time to finalize our program properly.

- MAIN THING: The first time ever to communicate PUBLICLY that the Lorelle zone is commercial in its own right, based on the data from last week's stimulation and flow of the zone, plugged into the model. And whilst people can say "it's only a computational model", it IS a model that has ingested our ACTUAL data.

- Thefore: a delay in flowing the rest of the zones won't mean stalling conversations with partners and offtake partners.We obviously have FLOOR now, which is the worst case scenario flow of the well. Everything that we will add in the other layers will increase the margin and profitability of the project. And mind you - this is a VERTICAL well.

- I would say that today they announced a further de-risked project, which adds to the fundamentals of the business.